EssilorLuxottica Hits Historic Milestone With Double-Digit Sales Growth in 2025

Revenue¹ growing 18.4% in Q4 and 11.2% in the FY

Adj. operating margin^1,2 at 16.0% in the FY

• Group’s revenue at Euro 28,491 million in the FY, +11.2% at constant exchange rates¹, with Q4 at +18.4%
• North America, EMEA and Asia-Pacific regions all growing double digits in Q4 and FY
• AI-glasses selling more than 7 million units in the FY, with all the regions and brands contributing
• Nuance Audio’s year-one closing on a promising tone, now available in 12 markets and 15k doors worldwide
• Myopia management portfolio +22% in revenue worldwide, US on the blocks for a strong start
• Adjusted²operating margin at 16.0% at constant exchange rates¹, impacted by US tariffs and AI-glasses
• Record free cash flow⁴at Euro 2.8 billion in the FY, Euro 400 million higher than 2024
• Dividend proposed at Euro 4.00, offering a scrip dividend option
• New long-term outlook: on average, over the next five years, at constant exchange rates¹, the Company is planning to deliver a solid growth of its total revenue and a broadly aligned growth of the adjusted²operating profit

Board of Directors of EssilorLuxottica met on February 11, 2026 to approve the consolidated financial statements for the year ended December 31, 2025. These financial statements were audited by the Statutory Auditors whose audit report is in the process of being issued.

Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO at EssilorLuxottica commented: “This year marks a historic milestone: for the first time in EssilorLuxottica’s history, we delivered annual double-digit sales growth at constant currency, following another record quarter in Q4, up 18.4%. In an uncertain macroeconomic and geopolitical environment, and despite headwinds from US tariffs, we reached record earnings, while making bold investments to advance our innovation agenda.

This sharp acceleration reflects the depth of our leadership across all our activities and our new categories, capable of generating sustained value for our stakeholders and for the industry as a whole. Our success in wearables is helping to propel the AI-glasses revolution, with our iconic brands being a powerful driver of demand. At the same time, our breakthroughs in medtech, myopia management and audiology are cementing our role as a leader across multiple frontiers.

We have every region and every business to thank for these results. Our teams have shown remarkable resilience and ability to embrace our new disruptive agenda. We are confident that this momentum will continue, confirming the strength and relevance of our vision and the excellence of our execution. While we confirm to be on track with the five-year outlook communicated in March 2022, today we’re updating it. Looking ahead to the next five years, we are committed to delivering solid revenue growth, with the adjusted operating profit’s pace broadly aligned, as we lead our Company decisively into its medtech transformation journey.”

Notes

_{As table totals are based on unrounded figures, there may be discrepancies between these totals and the sum of their rounded component.}

_{1 Constant exchange rates: figures at constant exchange rates have been calculated using the average exchange rates in effect for the corresponding period in the relevant comparative year.}

_{2 Adjusted measures or figures: adjusted from the expenses or income related to the combination of Essilor and Luxottica (the “EL Combination”), the acquisition of GrandVision (the “GV Acquisition”), other strategic and material acquisitions, and other transactions that are unusual, infrequent or unrelated to the normal course of business as the impact of these events might affect the understanding of the Group’s performance. A description of those other transactions that are unusual, infrequent or unrelated to the normal course of business is provided in the half-year and year-end disclosure (see dedicated paragraph Adjusted measures).}

_{3 Comparable-store sales: reflect, for comparison purposes, the change in sales from one period to another by taking into account in the more recent period only those stores already open during the comparable prior period. For each geographic area, the calculation applies the average exchange rate of the prior period to both periods.}

_{4 Free Cash Flow:Net cash flow provided by operating activities less the sum of Purchase of property, plant and equipment and intangible assets and Cash payments for the principal portion of lease liabilities according to the IFRS consolidated statement of cash flow.}

_{5 Net debt: sum of Current and Non-current borrowings, Current and Non-current lease liabilities, minus Short-term investments, Cash and cash equivalents and the Financial debt derivatives at fair value as disclosed in the IFRS consolidated financial statements.}